Monday’s Prediction for Dogecoin (DOGE) Based on Long-Term Technicals
Investment research firm InvestorsObserver has given Dogecoin an average long-term technical score of 56, which suggests investors are neutral on the coin in the long term in relation to its historical trading over the past year. The study incorporates the coins’ resistance and support levels, as well as how they relate to their long-term averages. A high long- and short-term technical score is seen by portfolio managers as a sign a coin has hit rock-bottom. Dogecoin is in mid-table on the Upward Mobility Index of the 100 most actively traded cryptocurrencies, with a score of 56, which places the meme-inspired cryptocurrency in the top half of the short-term rankings. Its price has shifted little over the past 24 hours, trading at $0.080.
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